But classic two steps forward and 1 step back....it will take time to heal and see next quarter earnings and the plan going forward. Great management team,,,,maybe the best I have seen in E&P space. Not pumping just being real. Spike is coming and don't see it either. Worth a whole lot more
Stock where you sit and watch it go up and you say if it gets down to XXX I will buy and it never does and then you raise your number and it never hits and then on and on. Hold your nose and buy it here, It is going to 5 in 6 months and 10 in a year or two. I have seen this dog and pony show before
Wondering what metrics will move this higher. Seems it may be dead money for a year or so. Yes debt gone by large measure but so is a big chunk of the company. So we hit the reset button and start all over...but why buy?
IR just informed me all asset sales are now complete as expected. I did not see a PR on this but IR has informed me of its closure...so we are good now
But have yet to replace it with any reason to buy..,plain and simple. Maybe it is coming
or less I think. The way PWE is acting reminds me of how DNR was acting bouncing around .90 - 1.00. One day all of a sudden it took off to 2...bounced around then took off to 4 and is looking to go even higher. It is a coiled spring that will unwind quickly when it gets ready....and if it remains coiled longer than you remain patient....you will hate watching it climb where it should be. Everything is dicey right now for obvious reasons